Enerflex Ltd. $EFXT Stock Position Trimmed by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. lowered its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,000 shares of the company’s stock after selling 30,000 shares during the quarter. Enerflex makes up approximately 2.8% of Ewing Morris & Co. Investment Partners Ltd.’s portfolio, making the stock its 10th largest holding. Ewing Morris & Co. Investment Partners Ltd.’s holdings in Enerflex were worth $5,401,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EFXT. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex in the 2nd quarter worth about $330,515,000. Mackenzie Financial Corp boosted its holdings in Enerflex by 4.0% in the 4th quarter. Mackenzie Financial Corp now owns 4,878,942 shares of the company’s stock valued at $76,327,000 after purchasing an additional 186,649 shares during the period. Goldman Sachs Group Inc. boosted its stake in Enerflex by 51.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,203,297 shares of the company’s stock valued at $17,031,000 after buying an additional 752,893 shares during the period. TD Asset Management Inc boosted its position in shares of Enerflex by 31.8% during the 4th quarter. TD Asset Management Inc now owns 2,151,660 shares of the company’s stock valued at $33,215,000 after acquiring an additional 518,639 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Enerflex by 11.8% during the fourth quarter. Bank of Montreal Can now owns 1,735,826 shares of the company’s stock valued at $26,761,000 after purchasing an additional 182,578 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Enerflex Trading Up 4.9%

Shares of EFXT stock opened at $21.37 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex Ltd. has a 12-month low of $9.81 and a 12-month high of $29.15. The stock has a market capitalization of $2.61 billion, a P/E ratio of 49.69 and a beta of 1.84. The firm’s 50 day moving average is $22.27 and its 200 day moving average is $23.04.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $606.78 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. Research analysts expect that Enerflex Ltd. will post 1.34 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.8%. Enerflex’s payout ratio is presently 27.91%.

Wall Street Analysts Forecast Growth

EFXT has been the subject of a number of research reports. Royal Bank Of Canada upped their price objective on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of Enerflex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Raymond James Financial lifted their price target on shares of Enerflex from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings downgraded Enerflex from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Finally, National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Enerflex Company Profile

Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.